Ramky Infra bags two NHDP projects worth Rs2,240 cr

Ramky has received an order worth Rs1,207 crore for six-laning of the Agra-Etawah Bypass section of NH-2 under the NHDP Phase V in Uttar Pradesh

Ramky Infrastructure, the flagship company of the Ramky Group, said it bagged two major orders worth Rs2,240 crore under the National Highways Development Project (NHDP).

The company has received an order worth Rs1,207 crore for six-laning of the Agra-Etawah Bypass section of NH-2 under the NHDP Phase V in Uttar Pradesh, to be executed as a BOT toll basis on design build finance operate and transfer pattern, the company said in a statement.

The concession period for the project is 30 years, including the construction period of 910 days, it said. The second order worth Rs1,033.65 crore is for four laning of the Hospet-Chitradurga section of NH-13 in Karnataka under NHDP Phase III on DBFOT in BOT.

The concession period for this project is 25 years, including the construction period of 910 days, the release said.

In the late afternoon, Ramky Infrastructure was trading at around Rs217.60 per share on the Bombay Stock Exchange, 0.23% up from the previous close.

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Lupin receives FDA approval for generic Solodyn tablets

Medicis’s Solodyn (Minocycline HCI, USP) Extended-release tablets had sales of $750 million as per IMS September 2011 data

Pharma major, Lupin Ltd, announced that its subsidiary, Lupin Pharmaceuticals Inc. has received final approval for its Minocycline hydrochloride extended-release tablets 45mg, 55mg, 90mg and 135mg strengths as well as tentative approval for its Minocycline HCl extended release tablets 65mg, 80mg, 105mg and 115mg strengths from the US Food and Drug Administration (FDA) for the company’s Abbreviated New Drug Application (ANDA) to market a generic version of Medicis Pharmaceutical Corporation’s (Medicis) Solodyn (Minocycline HCI, USP) extended-release tablets.

Solodyn is an oral antibiotic approved to treat only the red, pus-filled pimples of moderate to severe acne in patients 12 years of age and older. Medicis’s Solodyn (Minocycline HCI, USP) Extended-release tablets had sales of $750 million as per IMS September 2011 data.

In the late afternoon, Lupin was trading at around Rs469.35 per share on the Bombay Stock Exchange, 0.7% up from the previous close.

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Tata Motors sales rise 41% in November

In the commercial vehicles segment, Tata Motors sold 44,737 units in the domestic market during the month under review compared to 35,079 units in the period last year, an increase of 27.53%

Tata Motors reported a 40.64% increase in its total vehicle sales during November, 2011, at 76,823 units. The company had sold 54,622 units in the same month last year.

The homegrown firm's total passenger vehicles sales in the domestic market stood at 27,737 units in November, up 80.81% from 15,340 units in the same month last year, Tata Motors said in a statement.

The company's small car Nano's sales stood at 6,401 units during the month compared to 509 units in the year-ago period, recording an over 12-fold jump.
The 'Indica' range reported a sales of 10,926 units against 5,716 units in the year-ago period, up 91.15%, Tata Motors said.

In addition, the 'Indigo' family recorded sales of 6,213 units, up 3.39 per cent in comparison to 6,009 units in the same month last year. Sales of 'Sumo', 'Safari' and 'Aria' grew by 35.13% to 4,197 units compared to 3,106 units in the corresponding period last year.

In the commercial vehicles segment, the company sold 44,737 units in the domestic market during the month under review compared to 35,079 units in the period last year, an increase of 27.53%.

Light commercial vehicle sales during the month amounted to 28,673 units, a growth of 40.72% over 20,376 units in the same month last year. The medium and heavy commercial vehicle sales stood at 16,046 units, a growth of 9.13% compared to 14,703 units in November 2010.

The company's exports increased by 3.47% to 4,349 units last month, from 4,203 units (in the same month last year), it added.

In the late afternoon, Tata Motors was trading at around Rs190.20 per share on the Bombay Stock Exchange, 3.99% up from the previous close.

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